by Clive Maund
We are now entering the final part of the endgame of the latest fiat experiment and the actions of the Fed and other Central Banks virtually guarantee that most currencies, including and especially the dollar, will end up totally worthless, just like in the Weimar Republic in Germany in 1923. Needless to say, in such an environment, anything that has real value like gold and silver, will soar in price, and even make intrinsic gains as everyone eventually tries to get aboard the lifeboat. Massive deflationary forces are already ravaging the economy, with the virus scare acting as a catalyst, and already millions have already lost their jobs and millions more will as the economy comes to a screeching halt. In the face of this the Fed and other Central Banks have mobilized to try to head off complete collapse and an implosion of the debt markets leading to an interest rate spike, and also to protect and advance the interests of the super wealthy still further. The Fed’s balance sheet is expanding like a supernova that is starting to explode and it is set to expand at an even more rapid rate, made necessary by a severe decline in productivity and serious disruption of global supply chains. The reason that the virus was dispersed when it was is that governments feared that collapsing economies and widespread unemployment and poverty would lead to revolution, so they needed a way to keep the population under tight control, hence the lockdowns as unemployment in the US and elsewhere skyrockets with the virus as an excuse. All of this means that both gold and silver are set to soar.